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Insurance glossary - P

A Wisdom Archive on Insurance glossary - P

Insurance glossary - P

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Insurance dictionary - P,

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ARTICLES RELATED TO Insurance glossary - P

Insurance glossary - P: Life Insurance Glossary Dictionary - P.S. 58 Charges

Definition and meaning of P.S. 58 Charges :

 

P.S. 58 Charges: The cost of one-year term insurance used in the calculation of economic benefit for a stockholder under a split dollar plan. (LI)

(Source: InsWeb)

 

Also see these pages: P.S. 58 Charges , Life Insurance, Life Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - P

 

Insurance glossary - P: Health Insurance Glossary Dictionary - Pharmacy and Therapeutics, P&T Committee

Definition and meaning of Pharmacy and Therapeutics, P&T Committee :

 

Pharmacy and Therapeutics (P&T) Committee:  A panel of physicians _ usually from different specialties _ who advise the health plan regarding the proper use of prescription drugs. (H)

(Source: InsWeb)

 

Also see these pages: Pharmacy and Therapeutics, P&T Committee , Health Insurance, Health Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - P

 

Insurance glossary - P: Life Insurance Glossary Dictionary - Paid-Up Insurance

Definition and meaning of Paid-Up Insurance :

 

Paid-Up Insurance: Insurance on which all premiums are paid but which has not yet matured by either death or endowment. An example would be a Limited Payment Life policy for which the premium-paying period is over. (LI)

(Source: InsWeb)

 

Also see these pages: Paid-Up Insurance , Life Insurance, Life Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - P

 

Insurance glossary - P: Life Insurance Glossary Dictionary - Partnership Insurance

Definition and meaning of Partnership Insurance :

 

Partnership Insurance: Life or Health Insurance sold to a partnership, usually for guaranteeing business continuity in case of the death or disability of one of the partners. For instance, two partners might buy Life Insurance on each other so that in the event of one partner's death, the other can use the insurance proceeds to purchase his share of the business from his heirs. (LI,H)

(Source: InsWeb)

 

Also see these pages: Partnership Insurance , Life Insurance, Life Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - P

 

Insurance glossary - P: Property Insurance Glossary Dictionary - Power Plant Insurance

Definition and meaning of Power Plant Insurance :

 

Power Plant Insurance: This policy insures electricity generating plants against loss caused by certain specified perils. (PR)

(Source: InsWeb)

 

Also see these pages: Power Plant Insurance , Property Insurance, Property Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - P

 

Insurance glossary - P: Life Insurance Glossary Dictionary - Permanent Life Insurance

Definition and meaning of Permanent Life Insurance :

 

Permanent Life Insurance: A term loosely applied to Life Insurance policy forms other than Group and Term, usually Cash Value Life Insurance, such as endowments and Whole or Ordinary Life policies. (LI)

(Source: InsWeb)

 

Also see these pages: Permanent Life Insurance , Life Insurance, Life Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - P

 

Insurance glossary - P: Property Insurance Glossary Dictionary - Profits and Commissions Insurance

Definition and meaning of Profits and Commissions Insurance :

 

Profits and Commissions Insurance: A kind of insurance with which a salesman or a sales agent whose income is tied to profits or commissions on certain property can insure against loss of income due to the destruction of the property. (PR)

(Source: InsWeb)

 

Also see these pages: Profits and Commissions Insurance , Property Insurance, Property Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - P

 

Insurance glossary - P: Property Insurance Glossary Dictionary - Property Insurance

Definition and meaning of Property Insurance :

 

Property Insurance: Insurance that indemnifies a person with an interest in physical property for its loss or the loss of its income producing abilities. This definition encompasses all lines of insurance written by Property and Inland Marine insurers and can also include certain kinds of insurance written by Casualty insurers, e.g., Burglary and Plate Glass coverages. (PR)

(Source: InsWeb)

 

Also see these pages: Property Insurance , Property Insurance, Property Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - P

 

Insurance glossary - P: Property Insurance Glossary Dictionary - Pluvious Insurance

Definition and meaning of Pluvious Insurance :

 

Pluvious Insurance: Another name for Rain Insurance. (PR)

(Source: InsWeb)

 

Also see these pages: Pluvious Insurance , Property Insurance, Property Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - P

 

Insurance glossary - P: Property Insurance Glossary Dictionary - Power Interruption Insurance

Definition and meaning of Power Interruption Insurance :

 

Power Interruption Insurance: This coverage indemnifies the insured in the event of loss due to the interruption of power supplied by a public utility and caused by any of the perils insured against. (PR)

(Source: InsWeb)

 

Also see these pages: Power Interruption Insurance , Property Insurance, Property Insurance SitemapInsurance, Insurance Sitemap, Insurance Dictionary - P

 

Insurance glossary - P: Insurance Business Glossary Dictionary - Paid-up Insurance

Definition and meaning of Paid-up Insurance :

 

Paid-up Insurance: Insurance on which all required premiums have been paid. The term is frequently used to mean the reduced paid-up insurance available as a nonforfeiture option.

(Source: The Haskayne School of Business at the University of Calgary )

 

Also see these pages: Paid-up Insurance , Insurance Business, Insurance Business SitemapInsurance, Insurance Sitemap, Insurance Dictionary - P

 

Insurance glossary - P: Insurance Business Glossary Dictionary - Permanent Life Insurance

Definition and meaning of Permanent Life Insurance :

 

Permanent Life Insurance: A phrase used to cover any form of life insurance except term; generally insurance that accrues cash value, such as whole life or endowment.

(Source: The Haskayne School of Business at the University of Calgary )

 

Also see these pages: Permanent Life Insurance , Insurance Business, Insurance Business SitemapInsurance, Insurance Sitemap, Insurance Dictionary - P

 

Insurance glossary - P: Insurance Business Glossary Dictionary - Physician's Expense Insurance

Definition and meaning of Physician's Expense Insurance :

 

Physician's Expense Insurance: Coverage which provides benefits toward the cost of such services as doctor's fees for nonsurgical care in the hospital, at home or in a physician's office, and X-rays or laboratory tests performed outside the hospital. (Also called Regular Medical expense Insurance.)

(Source: The Haskayne School of Business at the University of Calgary )

 

Also see these pages: Physician's Expense Insurance , Insurance Business, Insurance Business SitemapInsurance, Insurance Sitemap, Insurance Dictionary - P

 

Insurance glossary - P: Insurance Business Glossary Dictionary - Participating Insurance

Definition and meaning of Participating Insurance :

 

Participating Insurance: Insurance issued by an insurance company providing participation in dividend distribution.

(Source: The Haskayne School of Business at the University of Calgary )

 

Also see these pages: Participating Insurance , Insurance Business, Insurance Business SitemapInsurance, Insurance Sitemap, Insurance Dictionary - P

 

Insurance glossary - P: Insurance Business Glossary Dictionary - Primary Insurance

Definition and meaning of Primary Insurance :

 

Primary Insurance: Insurance that pays compensation for a loss ahead of any other insurance coverages the policyholder may have.

(Source: The Haskayne School of Business at the University of Calgary )

 

Also see these pages: Primary Insurance , Insurance Business, Insurance Business SitemapInsurance, Insurance Sitemap, Insurance Dictionary - P

 

Insurance glossary - P: Insurance Business Glossary Dictionary - Product Liability Insurance

Definition and meaning of Product Liability Insurance :

 

Product Liability Insurance: Protection against financial loss arising out of the legal liability incurred by a manufacturer, merchant, or distributor because of injury or damage resulting from the use of a covered product.

(Source: The Haskayne School of Business at the University of Calgary )

 

Also see these pages: Product Liability Insurance , Insurance Business, Insurance Business SitemapInsurance, Insurance Sitemap, Insurance Dictionary - P

 

Insurance glossary - P: Insurance Business Glossary Dictionary - Property Insurance

Definition and meaning of Property Insurance :

 

Property Insurance: Insurance providing financial protection against the loss of, or damage to, real and personal property caused by such perils as fire, theft, windstorm, hail, explosion, riot, aircraft, motor vehicles, vandalism, malicious mischief, riot and civil commotion, and smoke.

(Source: The Haskayne School of Business at the University of Calgary )

 

Also see these pages: Property Insurance , Insurance Business, Insurance Business SitemapInsurance, Insurance Sitemap, Insurance Dictionary - P

 

Insurance glossary - P: Insurance Business Glossary Dictionary - Property Insurance

Definition and meaning of Property Insurance :

 

Property Insurance: Provides financial protection against loss or damage to the insured's property caused by such perils as fire, windstorm, hail, etc.

(Source: The Haskayne School of Business at the University of Calgary )

 

Also see these pages: Property Insurance , Insurance Business, Insurance Business SitemapInsurance, Insurance Sitemap, Insurance Dictionary - P

 

Insurance glossary - P: Insurance Liability Glossary Dictionary - Professional Liability Insurance

Definition and meaning of Professional Liability Insurance :

 

Professional Liability Insurance: (1) See Malpractice Insurance for the definition applicable to the healing arts. (2) See Errors and Omissions Insurance for the definition applicable to those in professions such as law and accounting. Errors and Omissions exposure exists for many other kinds of businesses, like travel agencies and telephone exchanges. (LA)

(Source: InsWeb)

 

Also see these pages: Professional Liability Insurance , Insurance Liability, Insurance Liability SitemapInsurance, Insurance Sitemap, Insurance Dictionary - P

 

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